Acquisition and Sale

10 September 2012

Hansteen Holdings PLC

("Hansteen" or the "Company")

Acquisition of industrial park in Essex

Two sales and an acquisition in Germany

Hansteen Holdings (LSE: HSTN), the UK and Continental property investment company, announces that it has completed the acquisition of Horndon Industrial Park from the Joint Administrators of Easter Investments Three Limited and notarised the purchase of three industrial units in Germany for a total of £26.2 million with a combined rent roll of £2.7 million. The purchases, which are being funded from existing cash resources, reflect an initial yield of around 10.35%. The Company also announces the sales in Germany of its holding at Leinfelden for €7.9 million and Building 110 in Offenburg for €1.5 million.

Horndon Industrial Park is a 26 acre multi-let estate comprising 586,848 sq ft (54,520 sq m) of older industrial units and yard space, 21,344 sq ft (1,983 sq m) of modern industrial units and 19,219 sq ft (1,785 sq m) of office space. The estate is currently let to 43 tenants and has a vacancy rate of 32.94%. Horndon Industrial Park is located directly opposite West Horndon Railway Station, 29 minutes from London Fenchurch Street by train and 4 miles from Junction 29 of the M25.

The German properties in Uhingen, Grevenbroich and Henstedt-Ulzburg, totalling a combined 271,121 sq ft (25,188 sq m), are fully occupied and are being sold by Cambridge Place Investments.

The sale of Hansteen's 131,675 sq ft (12,233 sq m) holding at Leinfelden, which it had owned since 2006, follows the extension of the lease term and expansion of the anchor tenant Kaufhof, part of the German blue chip company Metro AG.

The 58,243 sq ft (5,411 sq m) Building 110 at Offenburg, which Hansteen had owned since December 2007, was sold 80% vacant. Both sales were achieved above current book value and the original purchase price.

Commenting on the UK acquisition Morgan Jones of Hansteen, said: "We are excited about the acquisition of Horndon Industrial Park. The high yield and vacancy rate, combined with its excellent location provides plenty of opportunity to build value through active asset management. This is just the type of acquisition that we expect to see more of over the coming months."

Commenting on the transactions in Germany, Ian Watson said: "The acquisition in Germany came out of the EB8 portfolio which Hansteen has been tracking since early 2011 and combines a high yield with interesting opportunities to add value. The sales are an excellent example of Hansteen adding value and then realising that value."

For further information:

HANSTEEN HOLDINGS PLC

Hansteen Holdings PLC (LSE: HSTN) is a European industrial REIT that invests in properties with high yields, low capital costs and opportunity for value improvement across the Netherlands, Germany, Belgium, France and the UK.

Founded by Morgan Jones and Ian Watson, the Company listed on Aim in November 2005 raising £125 million. In 2009, it raised a further £200.8 million by way of a Placing and Open Offer and moved to the Official List, converting to a REIT shortly thereafter. In April 2011, the Company raised a further £150 million by way of a Placing and Open Offer.

As 30 June 2012, Hansteen had a portfolio of some 280 assets with a value of around £1,171 million, including HPUT.